00:07
Speaker A
and hit it.
00:08
Jingle
How not to invest. How not to invest.
00:15
Speaker A
Feels so good when that hits at the end. The explosion really, really does it for me.
00:23
Speaker A
So listen, we told you this story in the past. Gabriel Perez, who is the teleprompter operator for one Donald Trump.
00:32
Speaker A
Uh, he was betting on what words would be said in presidential speeches when he could literally read read the words.
00:43
Speaker A
So here's what happened. White House teleprompter operator ordered to pay 172k for placing prediction market bets on Trump's speeches. He had to give back the profits, pay a $65,000 penalty, and received a three-year trading ban, which feels like it should be forever.
00:58
Speaker A
Three years.
1:00
Speaker A
Okay. But listen, the how not to invest, obviously, is that it's still insider trading if you act on information that nobody else has in prediction markets.
1:12
Speaker A
You don't get a pass because uh it's a market that's less regulated. And we have a second story that just broke.
1:21
Speaker A
Ex-congressman George Santos receives Kalshi's first ever lifetime ban. Congratulations.
1:27
Speaker A
It's a real feat. So this guy, like, he's the worst. Anyways, look at him.
1:30
Speaker A
You know, but he he bet on Kalshi on whether he would attend uh the State of the Union address, made $17,000 and is now banned.
1:43
Speaker A
That's cheating, guys. He probably did it from like username George Santos bets on himself 69.
1:51
Speaker A
Right? Like super untransparent. I think people think they're not manipulating markets here when they are, but they are.
